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(Z0) Fresh High Print

SCHATZ TECHS
  • RES 4: 112.505 61.8% retracement of the Mar - Jun sell-off (cont).
  • RES 3: 112.490 2.000 proj of Aug 26 - Sep 9 rally from the Sep 10 low
  • RES 2: 112.457 1.764 proj of Aug 26 - Sep 9 rally from the Sep 10 low
  • RES 1: 112.460 High Oct 19
  • PRICE: 112.455 @ 05:15 BST Oct 20
  • SUP 1: 112.410 Low Oct 16
  • SUP 2: 112.365 Low Oct 15
  • SUP 3: 112.340 Low Oct 14
  • SUP 4: 112.339 20-day EMA

Schatz futures outlook remains bullish following last week's accelerated gains and futures edged higher yesterday. The contract last week cleared key resistance at 112.360, Sep 21 high, confirming a resumption of the broader uptrend. The move higher has opened 112.490 next, a Fibonacci projection. Moving average studies are in a bull mode too, reinforcing current trend conditions. Initial support is at 112.410, Oct 16 low.

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